How are dividends paid for participating policies?

Dividends for participating policies issued by OneAmerica Financial Partners are typically paid based on the insurer's financial performance and the profitability of the insurance product. These policies are designed to share a portion of the company’s surplus with policyholders. This can occur when the company achieves better-than-expected financial results, such as lower claims than projected, better investment performance, or cost management efficiencies. Every year, the company reviews its financial situation and determines whether to declare dividends and the amount. The policyholders who are eligible for dividends are often notified in advance about this decision. Once declared, dividends can usually be received in several ways. Policyholders may opt to receive them in cash, apply them toward paying premiums, purchase additional coverage, or leave them to accumulate interest within the policy. It is important to note that dividends are not guaranteed. The amount and availability can vary from year to year. For specific details regarding dividends for a particular policy, reviewing the policy contract or the company’s official website may provide valuable information.